SOURCE: Global Matrechs, Inc.

December 05, 2007 10:30 ET

Global Matrechs, Inc. Provides Corporate Development Update to Shareholders on the Corporate Website

RIDGEFIELD, CT--(Marketwire - December 5, 2007) - Global Matrechs, Inc. (PINKSHEETS: GBMR) is pleased to provide an update on its recent corporate developments to update the Company's Investors and shareholders on the company's website. Go to to view the letter in its entirety.

In summary, the shareholder letter discloses in detail the development of the Company's business opportunities for its two Flagship products; HNIPU and NuCap. Advancement of the Company's current initial orders for the revolutionary HNIPU Product include:

--  The initial order from the Metropolitan Transit Authority's (MTA)
    this is a Pilot order, it may become the approved product for all future
    coatings.  This could represent hundreds of thousands of square feet in
    HNIPU coating.
--  Also received was the order from Teterboro Airport in New Jersey.
    While this order is considered a pilot order by the Company, if the product
    is found successful it is estimated that this will give Global Matrechs the
    opportunity to initially coat 50,000 square feet this quarter and possibly
    an additional 500,000 square feet in the first quarter 2008.
--  Additionally an order also came from the Republic Airport on Long
    Island New York. This is another order that we are accepting as a test for
    a much bigger project. If the product is found successful we believe this
    will give us the possibility to coat over 100,000 square feet of hangar
    space. Also if approved the product will be used in coating a 40,000-square-
    foot garage.

NuCap™, the Company's other flagship product, is a license owned exclusively by Global Matrechs, Inc. It is a silicon-based geocomposite radiation resistant coating/foam used to encapsulate and contain radioactive materials. This promising technology and our distribution strategy are also revealed and explained in detail for the understanding of our new and long-term shareholders.

The Company has also done a number of well received trade shows in the New York area, and the company expects that, as these orders begin to come in, the environment will be facilitated to be able to bring the company back up to a fully reporting status, and we look forward to being able to announce profitability and partake in that success with you; Our loyal and committed shareholders.

"We're taking this opportunity to thank our loyal shareholders for their patience and continued support. An overview will be provided for those who are new investors in the Company, as well as a detailed summary of our recent developing projects for all shareholders to be made aware of. Our Company is growing in many ways and, due to the anticipation of material events that have been prolonged, we want to now take the opportunity to update our shareholders on all the NuCap™ and HNIPU projects we have under development," stated Michael Sheppard, President of Global Matrechs, Inc.

About Global Matrechs, Inc.: Global Matrechs has operated its licensed technologies business since 2004. Global Matrechs seeks to convert the licenses it has acquired in emerging technologies in the nuclear energy, environmental and chemical industries into manufactured products primarily through sub-licenses of those technologies to manufacturers and sales companies. (

Safe Harbor: Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Global Matrechs, Inc. officials during presentations are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "hopes," "seeks," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technologies; the failure of the Company's products and technologies to become commercially marketable; the loss of key personnel; changes in financial markets and general economic conditions; and, disputes as to the Company's intellectual property rights, including the Company's rights to the technologies that it licenses from Eurotech, Ltd. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Global Matrechs, its licenses, products, economic and market factors and the sectors in which Global Matrechs does business, among other things. These statements are not guarantees of future performance and Global Matrechs has no specific intention to update these statements. More detailed information about those factors is contained in Global Matrechs' filings with the Securities and Exchange Commission.

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